Electric Car Maker Tesla Refutes US Safety Regulators’ Allegations
Refuting all allegations put by the US safety regulators, electric car manufacturer Tesla affirmed that there was no unintended acceleration in its vehicles. Tesla stated its stance yesterday, post the regulators order to recall more than half a million cars.
On January 17, the National Highway Safety Administration (NHTSA) announced plans to review the petition and stated that Tesla vehicles experience unintended acceleration at rates far exceeding other cars on the roads.
Citing media reports of crashes due to unintended acceleration, the petition urged the agency to recall the electric cars – Model S, Model X and Model 3. As per Tesla, the petition being “completely false”, had been brought forth by a short-seller – Brian Sparks.
So far neither Sparks nor NHTSA could be reached for comments. Currently, Tesla is directed towards inculcating self-driving features in its future cars. Lack of experience in automotive production, delays and quality related issues have often disappointed Tesla consumers.
Striving to improve production and increase customer satisfaction, Tesla recently opened factories in China. Moving ahead of its primary production centre, the US will aid in benefiting the future outcomes of the firm. Generous attempts to make a Chinese version of its electric car Model S seem to be beneficial as recent images released by a Twitter user @Ray4Tesla have proved that even lower labour costs can produce a quality electric car.
A report recently published by China-based equity firm Chuancai Securities claims that based on the progress of the firms’ parts domestication and the raw material cost, the gross profit margin of Model 3 (produced in Shanghai factory), can reach more than 35 percent. This profit will be much more than the American factory’s capacity.
For moving inch ahead in the electric car business, Tesla is joining hands with Chinese firm, Baidu for providing map service in cars. In the US, it is working on revamping its navigation system, using new-open source modules from Valhalla and MapBox. The news was announced by a Baidu representative in an email to Electrek, “Our newly released Scalable Vector Graphics API can provide map display, real-time traffic conditions, point of interest retrievals & other data services for Tesla owners, aiming to enhance their driving experience.”
Despite using advanced technology to improve market share, it seems that the electric car maker is not focusing enough on future requirements. Recently, the Senior Vice President, business development of Siemens Middle East said that the “new oil” in 20 years’ time will be green hydrogen. Reports from Bloomberg claim, burning hydrogen for electricity could be quite economical by 2050.
With the requirement of about one kg of H2 per 100 kilometers of range, an average fuel cell electric car can be easily operated with the 240 kgs of Hydrogen per day, which can be produced in the Dubai Electricity plant.
If electric car manufacturers in the Middle East consider green hydrogen as the next runner for their vehicles, it is sure that Tesla will have to improve its game in the business.
Amid Restructuring Plans, HSBC Banks Considers Jean Mustier as Chief Executive
Drooping profits in the US and Europe have encouraged HSBC Banks to shift its focus to the Asia and the Middle East regions as a part of its global restructuring plan. Besides the large scale shifts, two people aware of the matter have reported that…
DP World Shifts from Port Operator to Logistics Provider, Delists from Nasdaq Dubai
Nasdaq Dubai is sure to witness a hard blow in the upcoming times as the world’s largest port operator, DP World has announced delisting from the Dubai-based stock exchange. The statement released by the firm lists that the parent company, Port and Free Zone World…